Extended and Expanded Tax Credits

First-time buyers who have not owned a home in the past three years are eligible for up to an $8,000 tax credit.

• Tax credit does not require repayment.
• Credit is available to couples with gross income of less than $225,000 and individuals making less than $125,000.
• Buyers must secure a binding contract by April 30, allowing 60 days to close.

Qualified homeowners who have lived in their current home for at least five of the past eight years are eligible for up to a $6,500 tax credit to buy a home.

• Tax credit does not require repayment.
• Credit is available to couples with gross income of less than $225,000 and individuals making less than $125,000.
• Credit is limited to homes priced $800,000 or less.
• Buyers must secure a binding contract by April 30, allowing 60 days to close.

With historically low interest rates, a great selection of affordable homes on the market, and tax credits for buyers, there has never been a better time to buy!